The European Federation - PowerPoint Presentation

1. The European Federation of Geologists (EFG) and PERC StandardsMichael U.C. Neumann

2. European Federation of Geologists2

3. European Federation of GeologistsWhat is the European Federation of Geologists (EFG)?The voice of the European geoscientists.Non-governmental, professional OrganisationEstablished 1980, based in Brussels / Belgium24 National Associations representing 25 countries as membersMain aims are to contribute to a safer and more sustainable use of the natural environment, to protect and inform the public and to promote a more responsible exploitation of natural resources.The guidelines to achieve these aims are the promotion of excellence in the application of geology and the creation of public awareness of the importance of geoscience for the society.3Awarding EurGeol qualification recognized world-wide

4. European Federation of GeologistsEFG‘s Vision4

5. European Federation of GeologistsTotal of 25 countriesAssociated members:American Institute of Professional Geologists (AIPG)Geoscientists CanadaGeological Society of South AfricaAustralian Institute of Geoscientists5

6. European Federation of GeologistsNumber of Geologists Organized in the National Associations (Nov. 2016: 43.339)6

7. European Federation of Geologists7

8. European Federation of GeologistsInternational Projects of EFG:8

9. European Federation of GeologistsEFG - International Recognition9

10. European Federation of GeologistsEFG Publications: Facebook, Twitter, LinkedIn10

11. European Federation of GeologistsThe European Geologists title, EurGeol, held by a professional geologist means that the holder has achieved suitable academic training and a level of professional experience, skill and competence to perform tasks within their professional practice. EurGeol Pillars:Academic QualificationProfessional ExperienceCode of EthicsContinual Professional DevelopmentThe Eurogeologist: 11

12. European Federation of GeologistsThe Eurogeologist’s Requirements: Recognized university degree or equivalent qualification;Not less than 8 years experience and training; Member of a professional National Associations which is member of the EFG;Support of two sponsors;Annual proof of continuous professional development;Following the EFG’s regulations and Code of Ethics12

13. European Federation of GeologistsThe Eurogeologist (1425) 13

14. European Federation of GeologistsThe Eurogeologist 14

15. European Federation of GeologistsEFG‘s Panels of Experts (222):CO2 Geological Storage 14 members / 11 countriesEducation 23 members / 14 countriesGeological Heritage 28 members / 18 countriesGeothermal Energy 21 members / 11 countriesHydrogeology 24 members / 16 countriesNatural Hazards and Climate Change 36 members / 17 countriesMinerals and their sustainable use 42 members / 21 countriesSoil Protection 15 members / 9 countriesOil & Gas 19 members / 15 countries15

16. European Federation of GeologistsEFG and PERC: A committee established jointly by four professional organizations in Europe (GSL, IGI, IOM3 and EFG).Now registered as a not-for-profit association with an address in Brussels (at the EFG office).Members are all volunteers, no paid staff.16

17. European Federation of GeologistsEFG and PERCPERC define standards :for public reporting by minerals companies; of Exploration Results, Mineral Resources, and Mineral Reserves17

18. European Federation of GeologistsEFG / PERC - Competent Persons Requirements: Membership in a RPO (EFG, IoM3, GSL, IGI or other recognised professional organisation) that:requires compliance with professional and ethical standardshas disciplinary powers, including the power to expel a memberMin. 5 years relevant experience;The principle of self-certification;The principle of peer review.18

19. European Federation of GeologistsEFG, PERC and ROPO:PERC is a member of CRIRSCO.CRIRSCO (Committee for Mineral Reserves International Reporting Standards) is an international ‘umbrella’ committee which coordinates the work of national reporting organisations that define public reporting standards.ROPO is Recognized Overseas Professional Organisation19

20. European Federation of GeologistsEuroGeologist‘s International Recognition20

21. European Federation of GeologistsSituation in the past: Learning from older colleagues or by experience,Every country, even every company had its own regulations,Different languages.21

22. European Federation of GeologistsBre-X and others:“Poseidon Bubble”1970-1971Ni prices Australia22

23. European Federation of GeologistsImplementation of Codes and Standards:23

24. European Federation of GeologistsUnited Nations Framework Classification for Fossil Energy and Mineral Reserves and Resources 2009 (UNFC-2009)Applicable for:Mineral resourcesOil & gasGeothermal energySolar energyWind energyGeological storage24

25. European Federation of GeologistsToday‘s Situation:Most countries adopt one of the CRIRSCO codes,All companies relying on international stock exchanges follow the codes,World-wide professional training based on common languageAnd still learning from the older colleague.25

26. European Federation of GeologistsMy Experience:Learning from older colleaguges is good, butDifferent people, different company traditions, different resource codes and different country regulations may lead to a Babylonian confusion and possibly wrong results.Using organisations like EFG & PERC combines personal learning with generally accepted rules.26

27. European Federation of GeologistsWorking world-wide in international cooperationAll CPs, working under CRIRSCO, do speak a similar language,Use similar procedures and Share the same responsibility.27

28. European Federation of GeologistsChoosing the right standard – advantage of using PERC in EuropePERC is recognized by ESMA for use on European Union stock exchanges (ESMA = European Securities and Markets Authority).Accepted on a number of other stock exchanges around the world (e.g. Canada, Singapore, Australia).Assistance and training available near-by and in the same time zoneThe EuroGeologist with relevant experience is a world-wide accepted Competent Person.28

29. European Federation of GeologistsAdvantage of Working under Code:All CRIRSCO-aligned standards follow the same principles and share an identical set of core definitions.Differences because different jurisdictions, different markets. Specifies how and by whom public reports should be prepared.PERC standard require all publicly declared resources to have reasonable prospects for eventual economic extraction (i.e. NO “pie in the sky” – NOT an inventory of all mineralization regardless of economics)Short and medium term planning should use resources and reserves reported under CRIRSCO standards as a solid and reliable basis29

30. European Federation of Geologists30

31. European Federation of GeologistsThank you,Glückauf veTeşekkür ederimefg.vicepresident@eurogeologists.euEuropean Federation of Geologists c/o Belgium Geological Survey Rue Jenner 13. B-1000 Brussels www.eurogeologists.eu 31